🇮🇳 India Daybook: Adani’s JAL Takeover Upheld; L&T, M&M Q4 Results in Focus

📍 EARNINGS

• Larsen & Toubro (L&T): The infrastructure giant is scheduled to announce its Q4 FY26 results today. Analysts are expecting strong execution in the domestic market and updates on its new "Vyoma.AI" subsidiary.
• Mahindra & Mahindra (M&M): The company will report its audited Q4 results and is expected to declare a final dividend. Market eyes are on SUV volume growth and tractor demand outlook.
• United Breweries: Scheduled to report Q4 earnings today; volumes in the premium segment and raw material cost trends will be key.
• Laurus Labs: Reported a strong Q4 performance with revenue of ₹1,812 crore (up 5% YoY) and EBITDA margins at 28.9%.
• Netweb Technologies India: Reported a 65.67% YoY jump in net profit to ₹70.59 crore for the March quarter, though the stock saw profit booking in the previous session.

📍 ORDER WIN

• HFCL Ltd: Along with its subsidiary HTL Limited, the company has secured purchase orders worth approximately ₹84.23 crore from a leading private telecom operator for the supply of optical fiber cables.
• KP Green Engineering: Announced securing major new orders, further strengthening its order book in the engineering segment.
• Indian Hume Pipe: The company has bagged new irrigation-related orders, boosting its position in the water infrastructure space.

📍 ACQUISITION

• Adani Group: The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Group’s ₹14,535 crore resolution plan for Jaiprakash Associates Limited (JAL), rejecting a challenge from Vedanta. This deal gives Adani control over the Yamuna Expressway and 6.5 million tonnes of cement capacity.
• Knowledge Marine & Engineering Works: Its subsidiary, Knowledge Shipyard, has acquired 15 acres of waterfront land in Maharashtra for its transition into a technology-driven shipbuilding enterprise.
• L&T Realty: Recently completed the 100% acquisition of International Green Scapes, marking its entry into the NCR market with a 3.6 million sq. ft. development potential.

📍 CORPORATE ACTION

• Godrej Properties: The board has approved a final dividend of ₹10 per share (200% on face value of ₹5), marking its highest dividend payout since listing.
• Hexaware Technologies: Shares will trade ex-dividend today for an interim payout of ₹8.50 per share.
• Elantas Beck India: Trading ex-dividend today for a final dividend of ₹7.50 per share.
• Avro India: The stock will undergo a split today, with the face value being sub-divided from ₹10 to ₹1 per share.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News